EPBIH’s net profit surges to nearly EUR 27 million in 2018
State-owned power utility Elektroprivreda BiH reported a net profit of BAM 52.4 million (some EUR 26.8 million), up some 84 times compared to 2017, when it stood at BAM 620,282 (about EUR 317,000). The company’s net profit in 2018 was also higher than in 2016, when it was at BAM 12.9 million (around EUR 6.6 […]
Power utility EPHZHB logs EUR 19.7 million profit in H1
Public power utility Elektroprivreda Hrvatske Zajednice Herceg Bosne (EPHZHB) made a profit of BAM 38.7 million (around EUR 19.7 million) in January-June, up from BAM 452,076 (about EUR 230,000) in the first half of 2017. This is in keeping with strong results posted by power utilities elsewhere in the region on the back of good […]
KESH rallies on good hydrological conditions, posts EUR 49.3 million profit in H1
Albania’s state-owned power utility KESH reported a profit of nearly ALL 6.2 billion (about EUR 49.3 million) in the first half of the year, having produced 3,881 GWh of electricity, more than in the entire 2017, when it generated 2,915 GWh. KESH had a loss of ALL 52.7 million (around EUR 420,000) in 2017 and […]
Power utility EPBiH swings to EUR 15 million net profit in H1
Power utility Elektroprivreda BiH (EPBiH) reported a net profit of around BAM 28 million (some EUR 15 million) in the first half of 2018, after posting a loss of nearly BAM 23 million (about EUR 12.4 million) in H1 2017. The financial data is partly due to poor hydrological conditions and bad weather last year […]
ERS posts EUR 28.6 million profit in H1, presses ahead with HPP, small HPP, wind park projects
Elektroprivreda Republike Srpske (ERS) reported a EUR 28.6 million profit in the first half of 2018, acting General Manager Radmila Čičković has told Srna, local media reported. All production and distribution units of ERS, the power utility of Bosnian Serb entity Republika Srpska, except the Gacko coal mining and thermal power plant complex, operated in […]
EPS reports net profit of EUR 28.8 million, distribution subsidiary EUR 20.3 million in 2017
Public power utility Elektroprivreda Srbije (EPS) made a net profit of around RSD 3.4 billion (about EUR 28.8 million) in 2017, according to the unconsolidated audited financial report posted on the company’s website. In 2017, EPS bought RSD 11.4 billion (some EUR 96.6 million) worth of electricity on the domestic market, about RSD 5.9 billion […]
HSE’s net profit plunges 56% in 2017 as electricity production shrinks 10%
Slovenian state power utility Holding Slovenske Elektrarne’s (HSE) net profit in 2017 dropped 56% against 2016, to EUR 19.7 million, as a result of a 10% year-on-year decrease in electricity production, according to HSE’s annual report. HSE’s total electricity production in 2017 was 7,034 GWh, down from 7,778 GWh in 2016. Output at HSE’s hydropower […]
HEP to pour EUR 29.6 million into state budget from 2017 profit
Croatia’s state power utility, Hrvatska Elektroprivreda (HEP), will transfer HRK 218.4 million (about EUR 29.6 million) out of its 2017 net profit into the state coffers, in line with a requirement for strategic enterprises to set aside 60% of their profits for the state budget, local media reported, citing a decision from last week’s HEP shareholder […]